Loan Repayment Plans

Choosing the right repayment plan is key to successfully paying back your loans.
There are a number of plans available, but your eligibility for a specific plan depends
on the types of loans you have, when the loans were borrowed, and the amount you owe.
There are also a number of income driven repayment plans that tie your monthly payment
amount to annual income. The chart below provides a general comparison of the plans.
For detailed information about each of the repayment plans, click here. If you’re not sure which plan is right for you, discuss it with your loan servicer.

Whichever plan you choose, create a budget to make sure you have the funds to make
your monthly payment on time. If you need some tips on budget creation visit our
Money Smart Seawolves page.